Asia Pacific Virtual Cards Market Size, Share & Industry Trends Analysis Report By Product Type (B2B, B2C and C2B), By Card Type (Credit and Debit), By Application (Business Use and Consumer Use), By Country and Growth Forecast, 2022

List of Tables

The Asia Pacific Virtual Cards Market would witness market growth of 19.7% CAGR during the forecast period (2022-2028).

An analogous virtual debit card is one where the randomly generated number is connected to a debit account as compared to a credit card. Purchases made remotely using virtual numbers are permitted, but those made in person are not. Charges made with the virtual debit card number are sent to the associated account and deducted from the available balance. A virtual credit card is a 16-digit number made up of a CVV code and 16 randomly generated digits that can be used to make remote purchases of goods and services. The card numbers can be used to make purchases online or over the phone, but not in person.

Charges are sent to the original credit card number when a card number is generated. The virtual number won't function after the purchase, but it cannot be linked to the original card. The underlying credit cards' revolving lines of credit are added to purchases made through virtual credit cards, and interest may be applied. The first credit card number is used to route the charges when a card number is generated. The virtual number, however, cannot be linked to the genuine card and is inactive after a transaction. Purchases made with these cards are added to the rotating lines of credit of the underlying cards, just like purchases made with actual credit cards, and may be subject to interest.

Due to the presence of numerous Internet e-commerce websites that millions of Indian consumers trust, virtual debit and credit cards are becoming more and more popular in India. Even though debit and credit cards are often used to make refunds, traditional people often worry that their hard-earned money may be lost due to fraud. Due to the fact that most payment gateways and e-commerce websites now offer the option to save user debit and credit card information, the adoption of these virtual cards is increasing within the country. Hence, the growth of the virtual cards market is estimated to be driven significantly in the coming years.

The China market dominated the Asia Pacific Virtual Cards Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,066.2 million by 2028. The Japan market is showcasing a CAGR of 19% during (2022 - 2028). Additionally, The India market would grow at a CAGR of 20.4% during (2022 - 2028).

Based on Product Type, the market is segmented into B2B, B2C and C2B. Based on Card Type, the market is segmented into Credit and Debit. Based on Application, the market is segmented into Business Use and Consumer Use. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Mastercard, Inc., American Express Kabbage Inc., JPMorgan Chase & Co., Stripe, Inc., Adyen N.V., BTRS Holdings Inc., Wise Payments Limited, Marqeta Inc., Skrill USA, Inc., and Wex, Inc.

Scope of the Study

Market Segments covered in the Report:

By Product Type

By Card Type

Credit
Debit

By Application

Business Use
Consumer Use

By Country

China
Japan
India
South Korea
Singapore
Malaysia
Rest of Asia Pacific

Companies Profiled

Mastercard, Inc.
American Express Kabbage Inc.
JPMorgan Chase & Co.
Stripe, Inc.
Adyen N.V.
BTRS Holdings Inc.
Wise Payments Limited
Marqeta Inc.
Skrill USA, Inc.
Wex, Inc.

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Chapter 1. Market Scope & Methodology

1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
- 1.4.1 Asia Pacific Virtual Cards Market, by Product Type
- 1.4.2 Asia Pacific Virtual Cards Market, by Card Type
- 1.4.3 Asia Pacific Virtual Cards Market, by Application
- 1.4.4 Asia Pacific Virtual Cards Market, by Country
1.5 Methodology for the research

Chapter 2. Market Overview

2.1 Introduction
- 2.1.1 Overview
  - 2.1.1.1 Market composition and scenario
2.2 Key Factors Impacting the Market
- 2.2.1 Market Drivers
- 2.2.2 Market Restraints

Chapter 3. Competition Analysis - Global

3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
- 3.2.1 Partnerships, Collaborations and Agreements
- 3.2.2 Product Launches and Product Expansions
- 3.2.3 Acquisition and Mergers
- 3.2.4 Geographical Expansions
3.3 Top Winning Strategies
- 3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
- 3.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2019, Oct - 2022, Jun) Leading Players

Chapter 4. Asia Pacific Virtual Cards Market by Product Type

4.1 Asia Pacific B2B Market by Country
4.2 Asia Pacific B2C Market by Country
4.3 Asia Pacific C2B Market by Country

Chapter 5. Asia Pacific Virtual Cards Market by Card Type

5.1 Asia Pacific Credit Market by Country
5.2 Asia Pacific Debit Market by Country

Chapter 6. Asia Pacific Virtual Cards Market by Application

6.1 Asia Pacific Business Use Market by Country
6.2 Asia Pacific Consumer Use Market by Country

Chapter 7. Asia Pacific Virtual Cards Market by Country

7.1 China Virtual Cards Market
- 7.1.1 China Virtual Cards Market by Product Type
- 7.1.2 China Virtual Cards Market by Card Type
- 7.1.3 China Virtual Cards Market by Application
7.2 Japan Virtual Cards Market
- 7.2.1 Japan Virtual Cards Market by Product Type
- 7.2.2 Japan Virtual Cards Market by Card Type
- 7.2.3 Japan Virtual Cards Market by Application
7.3 India Virtual Cards Market
- 7.3.1 India Virtual Cards Market by Product Type
- 7.3.2 India Virtual Cards Market by Card Type
- 7.3.3 India Virtual Cards Market by Application
7.4 South Korea Virtual Cards Market
- 7.4.1 South Korea Virtual Cards Market by Product Type
- 7.4.2 South Korea Virtual Cards Market by Card Type
- 7.4.3 South Korea Virtual Cards Market by Application
7.5 Singapore Virtual Cards Market
- 7.5.1 Singapore Virtual Cards Market by Product Type
- 7.5.2 Singapore Virtual Cards Market by Card Type
- 7.5.3 Singapore Virtual Cards Market by Application
7.6 Malaysia Virtual Cards Market
- 7.6.1 Malaysia Virtual Cards Market by Product Type
- 7.6.2 Malaysia Virtual Cards Market by Card Type
- 7.6.3 Malaysia Virtual Cards Market by Application
7.7 Rest of Asia Pacific Virtual Cards Market
- 7.7.1 Rest of Asia Pacific Virtual Cards Market by Product Type
- 7.7.2 Rest of Asia Pacific Virtual Cards Market by Card Type
- 7.7.3 Rest of Asia Pacific Virtual Cards Market by Application

Chapter 8. Company Profiles

8.1 Mastercard, Inc.
- 8.1.1 Company Overview
- 8.1.2 Financial Analysis
- 8.1.3 Regional Analysis
- 8.1.4 Recent strategies and developments:
  - 8.1.4.1 Partnerships, Collaborations, and Agreements:
  - 8.1.4.2 Product Launches and Product Expansions:
  - 8.1.4.3 Acquisition and Mergers:
8.2 American Express Kabbage Inc. (American Express Company)
- 8.2.1 Company Overview
- 8.2.2 Financial Analysis
- 8.2.3 Segmental and Regional Analysis
- 8.2.4 Recent strategies and developments:
  - 8.2.4.1 Partnerships, Collaborations, and Agreements:
8.3 JPMorgan Chase & Co. (Wepay, Inc.)
- 8.3.1 Company Overview
- 8.3.2 Financial Analysis
- 8.3.3 Segmental and Regional Analysis
- 8.3.4 Recent strategies and developments:
  - 8.3.4.1 Partnerships, Collaborations, and Agreements:
  - 8.3.4.2 Product Launches and Product Expansions:
  - 8.3.4.3 Acquisition and Mergers:
8.4 Stripe, Inc.
- 8.4.1 Company Overview
- 8.4.2 Recent strategies and developments:
  - 8.4.2.1 Partnerships, Collaborations, and Agreements:
  - 8.4.2.2 Acquisition and Mergers:
  - 8.4.2.3 Geographical Expansions:
8.5 Adyen N.V.
- 8.5.1 Company Overview
- 8.5.2 Financial Analysis
- 8.5.3 Regional Analysis
- 8.5.4 Recent strategies and developments:
  - 8.5.4.1 Product Launches and Product Expansions:
8.6 BTRS Holdings Inc. (Billtrust)
- 8.6.1 Company Overview
- 8.6.2 Financial Analysis
- 8.6.3 Segmental Analysis
- 8.6.4 Research & Development Expenses
8.7 Wise Payments Limited
- 8.7.1 Company Overview
- 8.7.2 Financial Analysis
- 8.7.3 Regional Analysis
- 8.7.4 Recent strategies and developments:
  - 8.7.4.1 Partnerships, Collaborations, and Agreements:
  - 8.7.4.2 Geographical Expansions:
8.8 Marqeta, Inc.
- 8.8.1 Company Overview
- 8.8.2 Financial Analysis
- 8.8.3 Research & Development Expenses
- 8.8.4 Recent strategies and developments:
  - 8.8.4.1 Partnerships, Collaborations, and Agreements:
8.9 Skrill USA, Inc. (PaySafe Ltd.)
- 8.9.1 Company Overview
- 8.9.2 Financial Analysis
- 8.9.3 Segmental and Regional Analysis
8.10. WEX, Inc.
- 8.10.1 Company Overview
- 8.10.2 Financial Analysis
- 8.10.3 Segmental and Regional Analysis
- 8.10.4 Recent strategies and developments:
  - 8.10.4.1 Partnerships, Collaborations, and Agreements:
  - 8.10.4.2 Acquisition and Mergers:
  - 8.10.4.3 Geographical Expansions:

LIST OF TABLES

TABLE 1 Asia Pacific Virtual Cards Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Virtual Cards Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements - Virtual Cards Market
TABLE 4 Product Launches And Product Expansions - Virtual Cards Market
TABLE 5 Acquisition and Mergers - Virtual Cards Market
TABLE 6 Geographical Expansions - Virtual Cards Market
TABLE 7 Asia Pacific Virtual Cards Market by Product Type, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Virtual Cards Market by Product Type, 2022 - 2028, USD Million
TABLE 9 Asia Pacific B2B Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific B2B Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific B2C Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific B2C Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific C2B Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific C2B Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Virtual Cards Market by Card Type, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Virtual Cards Market by Card Type, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Credit Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Credit Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Debit Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Debit Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Virtual Cards Market by Application, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Virtual Cards Market by Application, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Business Use Market by Country, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Business Use Market by Country, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Consumer Use Market by Country, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Consumer Use Market by Country, 2022 - 2028, USD Million
TABLE 27 Asia Pacific Virtual Cards Market by Country, 2018 - 2021, USD Million
TABLE 28 Asia Pacific Virtual Cards Market by Country, 2022 - 2028, USD Million
TABLE 29 China Virtual Cards Market, 2018 - 2021, USD Million
TABLE 30 China Virtual Cards Market, 2022 - 2028, USD Million
TABLE 31 China Virtual Cards Market by Product Type, 2018 - 2021, USD Million
TABLE 32 China Virtual Cards Market by Product Type, 2022 - 2028, USD Million
TABLE 33 China Virtual Cards Market by Card Type, 2018 - 2021, USD Million
TABLE 34 China Virtual Cards Market by Card Type, 2022 - 2028, USD Million
TABLE 35 China Virtual Cards Market by Application, 2018 - 2021, USD Million
TABLE 36 China Virtual Cards Market by Application, 2022 - 2028, USD Million
TABLE 37 Japan Virtual Cards Market, 2018 - 2021, USD Million
TABLE 38 Japan Virtual Cards Market, 2022 - 2028, USD Million
TABLE 39 Japan Virtual Cards Market by Product Type, 2018 - 2021, USD Million
TABLE 40 Japan Virtual Cards Market by Product Type, 2022 - 2028, USD Million
TABLE 41 Japan Virtual Cards Market by Card Type, 2018 - 2021, USD Million
TABLE 42 Japan Virtual Cards Market by Card Type, 2022 - 2028, USD Million
TABLE 43 Japan Virtual Cards Market by Application, 2018 - 2021, USD Million
TABLE 44 Japan Virtual Cards Market by Application, 2022 - 2028, USD Million
TABLE 45 India Virtual Cards Market, 2018 - 2021, USD Million
TABLE 46 India Virtual Cards Market, 2022 - 2028, USD Million
TABLE 47 India Virtual Cards Market by Product Type, 2018 - 2021, USD Million
TABLE 48 India Virtual Cards Market by Product Type, 2022 - 2028, USD Million
TABLE 49 India Virtual Cards Market by Card Type, 2018 - 2021, USD Million
TABLE 50 India Virtual Cards Market by Card Type, 2022 - 2028, USD Million
TABLE 51 India Virtual Cards Market by Application, 2018 - 2021, USD Million
TABLE 52 India Virtual Cards Market by Application, 2022 - 2028, USD Million
TABLE 53 South Korea Virtual Cards Market, 2018 - 2021, USD Million
TABLE 54 South Korea Virtual Cards Market, 2022 - 2028, USD Million
TABLE 55 South Korea Virtual Cards Market by Product Type, 2018 - 2021, USD Million
TABLE 56 South Korea Virtual Cards Market by Product Type, 2022 - 2028, USD Million
TABLE 57 South Korea Virtual Cards Market by Card Type, 2018 - 2021, USD Million
TABLE 58 South Korea Virtual Cards Market by Card Type, 2022 - 2028, USD Million
TABLE 59 South Korea Virtual Cards Market by Application, 2018 - 2021, USD Million
TABLE 60 South Korea Virtual Cards Market by Application, 2022 - 2028, USD Million
TABLE 61 Singapore Virtual Cards Market, 2018 - 2021, USD Million
TABLE 62 Singapore Virtual Cards Market, 2022 - 2028, USD Million
TABLE 63 Singapore Virtual Cards Market by Product Type, 2018 - 2021, USD Million
TABLE 64 Singapore Virtual Cards Market by Product Type, 2022 - 2028, USD Million
TABLE 65 Singapore Virtual Cards Market by Card Type, 2018 - 2021, USD Million
TABLE 66 Singapore Virtual Cards Market by Card Type, 2022 - 2028, USD Million
TABLE 67 Singapore Virtual Cards Market by Application, 2018 - 2021, USD Million
TABLE 68 Singapore Virtual Cards Market by Application, 2022 - 2028, USD Million
TABLE 69 Malaysia Virtual Cards Market, 2018 - 2021, USD Million
TABLE 70 Malaysia Virtual Cards Market, 2022 - 2028, USD Million
TABLE 71 Malaysia Virtual Cards Market by Product Type, 2018 - 2021, USD Million
TABLE 72 Malaysia Virtual Cards Market by Product Type, 2022 - 2028, USD Million
TABLE 73 Malaysia Virtual Cards Market by Card Type, 2018 - 2021, USD Million
TABLE 74 Malaysia Virtual Cards Market by Card Type, 2022 - 2028, USD Million
TABLE 75 Malaysia Virtual Cards Market by Application, 2018 - 2021, USD Million
TABLE 76 Malaysia Virtual Cards Market by Application, 2022 - 2028, USD Million
TABLE 77 Rest of Asia Pacific Virtual Cards Market, 2018 - 2021, USD Million
TABLE 78 Rest of Asia Pacific Virtual Cards Market, 2022 - 2028, USD Million
TABLE 79 Rest of Asia Pacific Virtual Cards Market by Product Type, 2018 - 2021, USD Million
TABLE 80 Rest of Asia Pacific Virtual Cards Market by Product Type, 2022 - 2028, USD Million
TABLE 81 Rest of Asia Pacific Virtual Cards Market by Card Type, 2018 - 2021, USD Million
TABLE 82 Rest of Asia Pacific Virtual Cards Market by Card Type, 2022 - 2028, USD Million
TABLE 83 Rest of Asia Pacific Virtual Cards Market by Application, 2018 - 2021, USD Million
TABLE 84 Rest of Asia Pacific Virtual Cards Market by Application, 2022 - 2028, USD Million
TABLE 85 key Information - Mastercard, Inc.
TABLE 86 Key Information - American Express Kabbage Inc.
TABLE 87 key information - JPMorgan Chase & Co.
TABLE 88 Key information - Stripe, inc.
TABLE 89 Key Information - Adyen N.V.
TABLE 90 Key Information - BTRS Holdings Inc.
TABLE 91 Key Information - Wise Payments Limited
TABLE 92 Key Information - Marqeta, Inc.
TABLE 93 Key Information - Skrill Usa, Inc.
TABLE 94 Key Information - WEX, Inc.

List of Figures

FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2019, Oct - 2022, Jun) Leading Players
FIG 5 Recent strategies and developments: Mastercard, Inc.
FIG 6 Recent strategies and developments: JPMorgan Chase & Co.
FIG 7 Recent strategies and developments: Stripe, Inc.
FIG 8 Recent strategies and developments: Wex, Inc.

Asia Pacific Virtual Cards Market Size, Share & Industry Trends Analysis Report By Product Type (B2B, B2C and C2B), By Card Type (Credit and Debit), By Application (Business Use and Consumer Use), By Country and Growth Forecast, 2022 - 2028

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